Roy Braidwood & Sons Transport Limited Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 3758340

Roy Braidwood & Sons Transport Limited

Consolidated Financial Statements

30 June 2025

Roy Braidwood & Sons Transport Limited

Consolidated Financial Statements

Year ended 30 June 2025

Contents	Page

Strategic report	1

Directors' report	4

Independent auditor's report to the members	6

Consolidated statement of comprehensive income	10

Consolidated statement of financial position	11

Company statement of financial position	12

Consolidated statement of changes in equity	13

Company statement of changes in equity	14

Consolidated statement of cash flows	15

Notes to the consolidated financial statements	16

Roy Braidwood & Sons Transport Limited

Strategic Report

Year ended 30 June 2025

Acquisiton of subsidiary company During the year the company ( Roy Braidwood & Sons Transport Limited )acquired 100% of the issued share capital of XC Electrical Limited, company number 02765192. The primary purpose of this acquisiton was to purchase the building XC Electrical Ltd owned; Saturn House, Express Trading Estate, Farnworth, Bolton. The new building is approx 2 miles from the existing trading site of the company. All other assets, liabilities and trade were transferred and/or disposed of prior to the date of acquisiton. The accounts, post acquisiton, of the newly acquired subsidiary have been include in the consolidated financial statements. The acquistion of the new building will allow the company to increase its office space for the transport and admin teams and parking facilities for its vehicles. Space at Lester Road has become limited as the company has grown. The increase space is considered necessary for the company to achieve it's aims of becoming a 'one stop shop' in the market it operates in. Fair review of the business and key indicators The company continued to to supply the following services: 1) Bespoke transport services 2) Aggregate supply including primary and recycled aggregates, sands, gravels and topsoil 3) Waste disposal services for construction and demolition waste 4) Garage repairs and servicing 5) Tachograph services. There were no significant changes to the principal activities in the year under review. The directors are not aware, at the date of this report, of any likely changes to the principal activities in the next year. Turnover has increased form the previous year by 10.6% to £13.1m (2024 £11.8m). The directors report that they have sustained their share of the market from the previous year. The directors believe that they are achieving their aims of becoming a 'one stop shop' for their customers, where a wide variety of services can be offered in house to reduce the need and costs for subcontractors.

The gross profit margin has fallen from 19.9% in 2024 to 16.5% in 2025. The directors feel that this is acceptable given their strategy outlined above. Costs are constantly reviewed and monitored to ensure margins are as high as possible while remaining competitive. Significant increases in wage costs, included in cost of sales, have been due to the rise in national minimum wages and employers national insurance contributions. The transport management system, Haultech, has continued to work well and has helped to improve and enhance operations efficiency in the increasingly busy transport division. All other costs have remained reasonable and consistent with the previous year. The directors will continue to try and reduce all overheads where possible and make processes as efficient as possible. Some price increases remain out of the control of the directors. Thee include heat & light and fuel. Any future potential fluctuations have to be planned for and incorporate into future cash flows. The directors are happy with the profit before tax in the year of £778,424 (2024 £1,049,196). The profits are the results of their continued investment in technology, vehicles, plant and staff. By continuing such investment, the directors hope to continue to be as competitive in the market place and report further significant profits. Comparative figures The comparatives shown in the these financial statements are for Roy Braidwood & Sons Transport Ltd only (non consolidated), which were audited by the current auditors.Principal risks and uncertainties

Principal risks and uncertainties The company's strategy is to concentrate on maintaining its position within the market place, improving efficiency in all sectors it operates within and being as environmentally friendly as possible. Risks to the business at a strategic and operational level are regularly considered and their impacts are mitigated wherever possible. A strong management team is in place and together with established customer and supplier partnerships, it is hoped that any financial risks that the company maybe exposed to can be mitigated also. Interest rate risks The company currently has significant borrowing under hire purchase finance agreements where interest is charged at a fixed rate over the life of the agreement. Liquidity risk The company manages its cash and borrowing requirements to minimise interest expense, whilst ensuring it always has sufficient liquid resources to meet the current and future operating needs of the business. Credit risk All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtor balances are monitored on an on-going basis using credit limits to minimise the company's exposure to external credit risk.Development and performance The company will continue with its commitment to meet and exceed quality assurance standards set by its regulators. Regular external audits will ensure all accreditations are in place. The new site acquired will as outlined will allow the company to grow within the sector.

Development and performance The company will continue with its commitment to meet and exceed quality assurance standards set by its regulators. Regular external audits will ensure all accreditations are in place. The new site acquired will as outlined will allow the company to grow within the sector.Outlook Given the investment in the subsidiary and the continued investment in new vehicles, the company believes it has sufficient resources in place to execute its strategy and continue to develop in the future.

Outlook Given the investment in the subsidiary and the continued investment in new vehicles, the company believes it has sufficient resources in place to execute its strategy and continue to develop in the future.

This report was approved by the board of directors on 23 April 2026 and signed on behalf of the board by:

Mr R Braidwood

Director

Registered office:

Lester Road Garage

Worsley Trading Estate

Little Houlton

Manchester

M38 0PT

Roy Braidwood & Sons Transport Limited

Directors' Report

Year ended 30 June 2025

The directors present their report and the Consolidated Financial Statements of the group for the year ended 30 June 2025 .

Directors

The directors who served the company during the year were as follows:

Mr R Braidwood
Mr S Braidwood

Dividends

Particulars of recommended dividends are detailed in note 13 to the Consolidated Financial Statements.

Future developments

See notes in Strategic Report.

Financial instruments

Principal risks and uncertainties - see notes in Strategic Report.

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in the notes to the financial statements.

Disclosure of information in the strategic report

Details of the company's trading performance for the year ended 30th June 2025, together with its future developments and risk exposure are included in the Strategic Report.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the Consolidated Financial Statements in accordance with applicable law and regulations. Company law requires the directors to prepare Consolidated Financial Statements for each financial year. Under that law the directors have elected to prepare the Consolidated Financial Statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the Consolidated Financial Statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period. In preparing these Consolidated Financial Statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the Consolidated Financial Statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the Consolidated Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information.

This report was approved by the board of directors on 23 April 2026 and signed on behalf of the board by:

Mr R Braidwood

Director

Registered office:

Lester Road Garage

Worsley Trading Estate

Little Houlton

Manchester

M38 0PT

Roy Braidwood & Sons Transport Limited

Independent Auditor's Report to the Members of Roy Braidwood & Sons Transport Limited

Year ended 30 June 2025

Opinion

We have audited the Consolidated Financial Statements of Roy Braidwood & Sons Transport Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the Consolidated Financial Statements: - give a true and fair view of the state of the group's and of the parent company's affairs as at 30 June 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the Consolidated Financial Statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the Consolidated Financial Statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the Consolidated Financial Statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the Consolidated Financial Statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the Consolidated Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the Consolidated Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Consolidated Financial Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Consolidated Financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the Consolidated Financial Statements are prepared is consistent with the Consolidated Financial Statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company Consolidated Financial Statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the Consolidated Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of Consolidated Financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the Consolidated Financial Statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We looked at the company's and subsidiary's policies and procedures relating to fraud and compliance with laws and regulations. We also inquired with the directors and senior management about their own identification and assessment of the risk of irregularities. Based on this understanding, we identified and assessed the risk of material misstatements in the consolidated financial statements and designed and performed audit procedures in response to those risks. Key laws and regulations which have a direct effect on the determination of material amounts and disclosures in the consolidated financial statements were identified, the most significant of these being the Companies Act 2006 and FRS 102. We also gained knowledge of the legal and regulatory frameworks that the company operates in. Non compliance within such frameworks may have a fundamental effect on the company's ability to operate and therefore its financial statements. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the Consolidated Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's or the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or the parent company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the Consolidated Financial Statements, including the disclosures, and whether the Consolidated Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation. - Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gary Harris

(Senior Statutory Auditor)

For and on behalf of

G A Harris & Co Limited

Chartered accountants & statutory auditor

Brulimar House

Jubilee Road

Middleton

Manchester

England

M24 2LX

23 April 2026

Roy Braidwood & Sons Transport Limited

Consolidated Statement of Comprehensive Income

Year ended 30 June 2025

		2025	2024
Note		£	£
Turnover	4	13,082,720	11,831,524

Cost of sales	10,924,787	9,480,970
	-------------	-------------
Gross profit	2,157,933	2,350,554

Administrative expenses		1,406,369	1,273,552
Other operating income	5	65,417	–
		------------	------------
Operating profit	6	816,981	1,077,002

Other interest receivable and similar income	10	17,464	10,104
Interest payable and similar expenses	11	56,021	37,909
		------------	------------
Profit before taxation		778,424	1,049,197

Tax on profit	12	194,209	289,582
		---------	------------
Profit for the financial year		584,215	759,615
		---------	------------

Revaluation of tangible assets	40,000	–
	---------	---------
Total comprehensive income for the year	624,215	759,615
	---------	---------

All the activities of the group are from continuing operations.

Roy Braidwood & Sons Transport Limited

Consolidated Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	14	3,171,633	1,763,805

Current assets

Stocks	16	50,256	40,150
Debtors	17	2,496,757	3,198,402
Cash at bank and in hand		937,190	1,305,698
		------------	------------
		3,484,203	4,544,250

Creditors: amounts falling due within one year	18	2,691,680	3,063,366
		------------	------------
Net current assets		792,523	1,480,884
		------------	------------
Total assets less current liabilities		3,964,156	3,244,689

Creditors: amounts falling due after more than one year	19	395,272	357,487

Provisions	21	680,818	440,951
		------------	------------
Net assets		2,888,066	2,446,251
		------------	------------

Capital and reserves

Called up share capital	24	1,010	1,010
Share premium account	25	46,098	46,098
Revaluation reserve	25	40,000	–
Profit and loss account	25	2,800,958	2,399,143
		------------	------------
Shareholders funds		2,888,066	2,446,251
		------------	------------

These Consolidated Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These Consolidated Financial Statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mr R Braidwood

Director

Company registration number: 3758340

Roy Braidwood & Sons Transport Limited

Company Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	14	2,220,587	1,763,805
Investments	15	951,046	–
		------------	------------
		3,171,633	1,763,805

Current assets

Stocks	16	50,256	40,150
Debtors	17	2,496,757	3,198,402
Cash at bank and in hand		937,190	1,305,698
		------------	------------
		3,484,203	4,544,250

Creditors: amounts falling due within one year	18	2,690,680	3,063,366
		------------	------------
Net current assets		793,523	1,480,884
		------------	------------
Total assets less current liabilities		3,965,156	3,244,689

Creditors: amounts falling due after more than one year	19	395,272	357,487

Provisions	21	680,818	440,951
		------------	------------
Net assets		2,889,066	2,446,251
		------------	------------

Capital and reserves

Called up share capital	24	1,010	1,010
Share premium account	25	46,098	46,098
Revaluation reserve	25	40,000	–
Profit and loss account	25	2,801,958	2,399,143
		------------	------------
Shareholders funds		2,889,066	2,446,251
		------------	------------

The profit for the financial year of the parent company was £ 585,215 (2024: £ 759,615 ).

These Consolidated Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These Consolidated Financial Statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mr R Braidwood

Director

Company registration number: 3758340

Roy Braidwood & Sons Transport Limited

Consolidated Statement of Changes in Equity

Year ended 30 June 2025

			Called up share capital	Share premium account	Revaluation reserve	Profit and loss account	Total
Note			£	£	£	£	£
At 1 July 2023			1,010	46,098	–	1,863,526	1,910,634

Profit for the year						759,615	759,615
			-------	--------	----	------------	------------
Total comprehensive income for the year			–	–	–	759,615	759,615

Dividends paid and payable		13	–	–	–	( 223,998)	( 223,998)
			-------	--------	----	------------	------------
Total investments by and distributions to owners			–	–	–	( 223,998)	( 223,998)

At 30 June 2024			1,010	46,098	–	2,399,143	2,446,251

Profit for the year						584,215	584,215
Other comprehensive income for the year:
	Revaluation of tangible assets	14	–	–	40,000	–	40,000
			-------	--------	--------	------------	------------
Total comprehensive income for the year			–	–	40,000	584,215	624,215

Dividends paid and payable		13	–	–	–	( 182,400)	( 182,400)
			----	----	----	---------	---------
Total investments by and distributions to owners			–	–	–	( 182,400)	( 182,400)

			-------	--------	--------	------------	------------
At 30 June 2025			1,010	46,098	40,000	2,800,958	2,888,066
			-------	--------	--------	------------	------------

Roy Braidwood & Sons Transport Limited

Company Statement of Changes in Equity

Year ended 30 June 2025

			Called up share capital	Share premium account	Revaluation reserve	Profit and loss account	Total
Note			£	£	£	£	£
At 1 July 2023			1,010	46,098	–	1,863,526	1,910,634

Profit for the year						759,615	759,615
			-------	--------	----	------------	------------
Total comprehensive income for the year			–	–	–	759,615	759,615

Dividends paid and payable		13	–	–	–	( 223,998)	( 223,998)
			-------	--------	----	------------	------------
Total investments by and distributions to owners			–	–	–	( 223,998)	( 223,998)

At 30 June 2024			1,010	46,098	–	2,399,143	2,446,251

Profit for the year						585,215	585,215
Other comprehensive income for the year:
	Revaluation of tangible assets	14	–	–	40,000	–	40,000
			-------	--------	--------	------------	------------
Total comprehensive income for the year			–	–	40,000	585,215	625,215

Dividends paid and payable		13	–	–	–	( 182,400)	( 182,400)
			----	----	----	---------	---------
Total investments by and distributions to owners			–	–	–	( 182,400)	( 182,400)

			-------	--------	--------	------------	------------
At 30 June 2025			1,010	46,098	40,000	2,801,958	2,889,066
			-------	--------	--------	------------	------------

Roy Braidwood & Sons Transport Limited

Consolidated Statement of Cash Flows

Year ended 30 June 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	584,215	759,615

Adjustments for:
Depreciation of tangible assets	725,264	607,033
Other interest receivable and similar income	( 17,464)	( 10,104)
Interest payable and similar expenses	56,021	37,909
Gains on disposal of tangible assets	( 26,350)	( 95,000)
Tax on profit	194,209	289,582
Accrued income	( 4,465)	( 124,251)

Changes in:
Stocks	( 10,106)	( 19,650)
Trade and other debtors	533,373	( 1,209,181)
Trade and other creditors	( 52,376)	998,840
Provisions and employee benefits	160,000	–
	------------	------------
Cash generated from operations	2,142,321	1,234,793

Interest paid	( 56,021)	( 37,909)
Interest received	17,464	10,104
Tax paid	( 303,169)	( 71,327)
	------------	------------
Net cash from operating activities	1,800,595	1,135,661
	------------	------------

Cash flows from investing activities

Purchase of tangible assets	( 2,096,742)	( 415,350)
Proceeds from sale of tangible assets	30,000	95,000
	------------	------------
Net cash used in investing activities	( 2,066,742)	( 320,350)
	------------	------------

Cash flows from financing activities

Proceeds from borrowings	1,110	( 4,826)
Payments of finance lease liabilities	78,929	( 301,523)
Dividends paid	( 182,400)	( 223,998)
	------------	------------
Net cash used in financing activities	( 102,361)	( 530,347)
	------------	------------

Net (decrease)/increase in cash and cash equivalents	( 368,508)	284,964
Cash and cash equivalents at beginning of year	1,305,698	1,020,733
	------------	------------
Cash and cash equivalents at end of year	937,190	1,305,697
	------------	------------

Roy Braidwood & Sons Transport Limited

Notes to the Consolidated Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lester Road Garage, Worsley Trading Estate, Little Houlton, Manchester, M38 0PT.

2. Statement of compliance

These Consolidated Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The Consolidated Financial Statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The Consolidated Financial Statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The Consolidated Financial Statements consolidate the Consolidated Financial Statements of Roy Braidwood & Sons Transport Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make significant judgements about the carrying amount of the assets and liabilities that are not readily apparent from other sources. The directors have made a provision for costs relating to the site clearance of land adjacent to their trading site at Lester road. Excess spoils from their trading site have been stored on this land for several years. The company does not currently own or occupy this piece of land. The landlord has indicated that the land will be rented in the future, either to the company or to a a third party. The timing of the future rental is uncertain. If, in the future, it is the responsibility of the the company to remove and dispose of the spoils, the directors estimate the cost to be £160,000 (2024 £160,000). During the year the £160,000 was transferred from accruals to provisions, given that the timing of the event is still not certain. The directors are also required to make significant estimates and underlying assumptions relating to depreciation, prepayments & accrued income, accruals and bad debt provisions, which are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revision where the revision effects only that period, or in the period of the revision and future periods where the revision effects both the current and future periods. The estimates and associated judgements are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	10% straight line
Plant and machinery	-	10% straight line
Fixtures, fittings and equipment	-	15% straight line
Motor vehicles	-	15% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the associate.

Investments in joint ventures

Investments in joint ventures are accounted for using the equity method of accounting, whereby the investment is initially recognised at the transaction price and subsequently adjusted to reflect the group's share of the profit or loss, other comprehensive income and equity of the joint venture.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	13,082,720	11,831,524
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Other operating income	65,417	–
	--------	----

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	725,264	607,032
Gains on disposal of tangible assets	( 26,350)	( 95,000)
Impairment of trade debtors	6,330	6,861
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the consolidated financial statements	8,000	8,000
	-------	-------

8. Staff costs

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	54	51
Administrative staff	4	4
	----	----
	58	55
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	2,246,753	1,989,413
Social security costs	249,292	202,984
Other pension costs	191,086	177,603
	------------	------------
	2,687,131	2,370,000
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	62,507	64,777
Company contributions to defined contribution pension plans	124,989	115,170
	---------	---------
	187,496	179,947
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	2	2
	----	----

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on bank deposits	17,425	8,755
Other interest receivable and similar income	39	1,349
	--------	--------
	17,464	10,104
	--------	--------

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on obligations under finance leases and hire purchase contracts	52,389	37,909
Other interest payable and similar charges	3,632	–
	--------	--------
	56,021	37,909
	--------	--------

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	114,303	303,169
Adjustments in respect of prior periods	39	–
	---------	---------
Total current tax	114,342	303,169
	---------	---------

Deferred tax:

Origination and reversal of timing differences	79,867	( 13,587)
	---------	---------
Tax on profit	194,209	289,582
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	778,424	1,049,197
	---------	------------
Profit on ordinary activities by rate of tax	194,606	262,299
Adjustment to tax charge in respect of prior periods	39	–
Effect of expenses not deductible for tax purposes	176,453	130,909
Effect of capital allowances and depreciation	( 257,006)	( 90,039)
Utilisation of tax losses	250	–
	---------	------------
Tax on profit	114,342	303,169
	---------	------------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	182,400	223,998
	---------	---------

14. Tangible assets

Group	Long leasehold property	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£	£
Cost
At 1 Jul 2024	–	177,783	548,073	126,003	3,759,806	4,611,665
Additions	911,046	–	48,809	22,020	1,114,867	2,096,742
Disposals	–	–	–	–	( 132,513)	( 132,513)
Revaluations	40,000	–	–	–	–	40,000
	---------	---------	---------	---------	------------	------------
At 30 Jun 2025	951,046	177,783	596,882	148,023	4,742,160	6,615,894
	---------	---------	---------	---------	------------	------------
Depreciation
At 1 Jul 2024	–	150,363	379,521	118,233	2,199,743	2,847,860
Charge for the year	–	17,778	51,541	8,823	647,122	725,264
Disposals	–	–	–	–	( 128,863)	( 128,863)
	---------	---------	---------	---------	------------	------------
At 30 Jun 2025	–	168,141	431,062	127,056	2,718,002	3,444,261
	---------	---------	---------	---------	------------	------------
Carrying amount
At 30 Jun 2025	951,046	9,642	165,820	20,967	2,024,158	3,171,633
	---------	---------	---------	---------	------------	------------
At 30 Jun 2024	–	27,420	168,552	7,770	1,560,063	1,763,805
	---------	---------	---------	---------	------------	------------

Company	Short leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jul 2024	177,783	548,073	29,809	3,759,806	96,193	4,611,664
Additions	–	48,809	15,410	1,114,867	6,610	1,185,696
Disposals	–	–	–	( 132,513)	–	( 132,513)
	---------	---------	--------	------------	---------	------------
At 30 Jun 2025	177,783	596,882	45,219	4,742,160	102,803	5,664,847
	---------	---------	--------	------------	---------	------------
Depreciation
At 1 Jul 2024	150,363	379,521	27,294	2,199,743	90,938	2,847,859
Charge for the year	17,778	51,541	3,030	647,122	5,793	725,264
Disposals	–	–	–	( 128,863)	–	( 128,863)
	---------	---------	--------	------------	---------	------------
At 30 Jun 2025	168,141	431,062	30,324	2,718,002	96,731	3,444,260
	---------	---------	--------	------------	---------	------------
Carrying amount
At 30 Jun 2025	9,642	165,820	14,895	2,024,158	6,072	2,220,587
	---------	---------	--------	------------	---------	------------
At 30 Jun 2024	27,420	168,552	2,515	1,560,063	5,255	1,763,805
	---------	---------	--------	------------	---------	------------

The addition to freehold property of £911,046 relates to the cost of acquiring the shares in the subsidiary, XC Electrical. The only asset held by XC Electrical Ltd at the time of acquistion was the building, Saturn House.

15. Investments

The group has no investments.

Company	Other investments other than loans
	£
Cost
At 1 July 2024	–
Additions	911,046
Revaluations	40,000
	---------
At 30 June 2025	951,046
	---------
Impairment
At 1 July 2024 and 30 June 2025	–
	---------

Carrying amount
At 30 June 2025	951,046
	---------
At 30 June 2024	–
	---------

16. Stocks

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	50,256	40,150	50,256	40,150
	--------	--------	--------	--------

17. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	2,142,760	2,296,611	2,142,760	2,296,611
Prepayments and accrued income	201,526	369,377	201,526	369,377
Other debtors	152,471	532,414	152,471	532,414
	------------	------------	------------	------------
	2,496,757	3,198,402	2,496,757	3,198,402
	------------	------------	------------	------------

18. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	1,687,750	1,713,005	1,687,750	1,713,005
Accruals and deferred income	59,291	232,028	58,291	232,028
Corporation tax	114,303	303,130	114,303	303,130
Social security and other taxes	333,349	368,609	333,349	368,609
Obligations under finance leases and hire purchase contracts	472,574	431,430	472,574	431,430
Director loan accounts	1,117	7	1,117	7
Other creditors	23,296	15,157	23,296	15,157
	------------	------------	------------	------------
	2,691,680	3,063,366	2,690,680	3,063,366
	------------	------------	------------	------------

Included in accruals is £1000 owing from XC Limited re accountancy fees.

19. Creditors: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Obligations under finance leases and hire purchase contracts	395,272	357,487	395,272	357,487
	---------	---------	---------	---------

20. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	472,574	431,430	472,574	431,430
Later than 1 year and not later than 5 years	395,272	357,487	395,272	357,487
	---------	---------	---------	---------
	867,846	788,917	867,846	788,917
	---------	---------	---------	---------

21. Provisions

Group and company	Deferred tax (note 22)	Spoils removal	Total
	£	£	£
At 1 July 2024	440,951	–	440,951
Additions	79,867	160,000	239,867
	---------	---------	---------
At 30 June 2025	520,818	160,000	680,818
	---------	---------	---------

The provision for spoils relates to the potential cost of removal of some waste/spoils on land next to the company's site at Lester road. During the year these costs were moved from accruals to provisions as the timing of the event or likely outcome is still unknown. The directors believe the event will occur.

22. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 21)	520,818	440,951	520,818	440,951
	---------	---------	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	79,867	( 13,587)	79,867	( 13,587)
	--------	--------	--------	--------

23. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 191,086 (2024: £ 177,603 ).

24. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	444	444	444	444
Ordinary A shares of £ 1 each	364	364	364	364
Ordinary B shares of £ 1 each	51	51	51	51
Ordinary C shares of £ 1 each	51	51	51	51
Ordinary D shares of £ 1 each	20	20	20	20
Ordinary E shares of £1 each	40	40	40	40

Ordinary F shares of £1 each	40	40	40	40
	-------	-------	-------	-------
	1,010	1,010	1,010	1,010
	-------	-------	-------	-------

25. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.

26. Analysis of changes in net debt

	At 1 Jul 2024	Cash flows	At 30 Jun 2025
	£	£	£
Cash at bank and in hand	1,305,698	(368,508)	937,190
Debt due within one year	(431,437)	(42,254)	(473,691)
Debt due after one year	(357,487)	(37,785)	(395,272)
	------------	---------	---------
	516,774	( 448,547)	68,227
	------------	---------	---------

27. Controlling party

The controlling party of the company is the directors who between them and their family members own 100% of the issued share capital.